Sally and Harry both work at the local factory producing cars. Sally earns $22 per hour working the day shift, and Harry earns $25 per hour working the night shift. Sally and Harry do the same job, have the same experience, and have the same level of education. This means that the
a. higher-paying job has a compensating wage differential of $3 per hour.
b. higher-paying job has a compensating wage differential of $25 per hour.
c. higher-paying job is intrinsically more attractive than the lower-paying job.
d. factory is discriminating against Sally because she is a woman.
a
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Starting from long-run equilibrium, a large tax cut will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; higher B. expansionary; higher; potential C. recessionary; higher; potential D. recessionary; lower; lower
It is generally true that per capita GNP is:
a. negatively correlated with labor productivity. b. positively correlated with the standard of living. c. negatively correlated with the life expectancy rate. d. uncorrelated with the literacy level. e. positively correlated with the rate of population growth.
The second number in any ordered pair is
a. the x-coordinate. b. the y-coordinate. c. the horizontal location of the point. d. the slope.
The number of employed persons plus the number of unemployed persons equals the number of persons
A) in the total population. B) in the civilian noninstitutional population. C) in the civilian labor force. D) not in the labor force. E) none of the above